News Archives for Business & Finance - 2025-09-08

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Business & Finance - 2025-09-08

Markets

Why E20 fuel is causing angst in India’s auto market

NEW DELHI: Indian Prime Minister Narendra Modi’s government’s roll-out of ethanol-blended fuel, called E20, has...

Published 08 Sep, 2025 10:00pm

Stocks

FTSE 100 closes higher on boost from banks, industrials

Britain’s FTSE 100 edged higher on Monday, led by industrials and bank stocks, while losses in consumer staples and...

Published 08 Sep, 2025 09:44pm

Commodities

India’s August fuel demand drops to 11-month low

India’s fuel consumption in August hit an eleven-month low, slipping by 3.8% month-on-month to 18.73 million metric...

Published 08 Sep, 2025 09:06pm

Stocks

TSX retreats after week-long rally; Bank of Canada rate cut expected

Canada’s main stock index fell on Monday, as investors took a breather after a week of record-setting gains and...

Published 08 Sep, 2025 08:09pm

Business & Finance

Pakistan, US sign $500mn MoU to boost cooperation in critical minerals

Pact signed between Pakistan’s Frontier Works Organisation and US Strategic Metals

Updated 08 Sep, 2025 11:04pm

Energy

Saudi Arabia cuts its October oil prices to Asia

Saudi Arabia, the world’s top oil exporter, has cut the official selling price for the Arab Light crude it sells to...

Published 08 Sep, 2025 07:54pm

Stocks

S&P 500, Nasdaq recover from losses as markets bet on September rate cut

The S&P 500 and the Nasdaq gained on Monday on hopes that the Federal Reserve could lower borrowing costs soon...

Published 08 Sep, 2025 07:48pm

Companies

China’s BYD to produce all EVs for Europe locally by 2028, executive says

MUNICH, Sept 8 (Reuters) - China’s No. 1 automaker BYD 002594.SZ will make its EVs for sale in Europe locally within...

Published 08 Sep, 2025 07:34pm

Markets

Pakistan receives $3.1bn in remittances in August 2025

Remittances increase by 7% year-on-year compared to $2.9 billion recorded same month last year

Updated 08 Sep, 2025 11:06pm

Middle East

Macquarie seeks to set up base in Saudi Arabia after preliminary deal with PIF

DUBAI: Macquarie Asset Management (MAM) is looking to set up an office in Saudi Arabia after signing a preliminary...

Published 08 Sep, 2025 05:15pm

Stocks

Indian stock benchmarks close tad higher, led by autos; IT drop caps gains

India’s equity benchmarks closed marginally higher on Monday, led by gains in automakers after they announced price...

Published 08 Sep, 2025 04:50pm

Commodities

Palm rises on stronger rival oils, crude

JAKARTA: Malaysian palm oil futures reversed losses to close higher on Monday, tracking stronger edible oils at...

Published 08 Sep, 2025 04:40pm

Companies

Al Shaheer Corporation resumes production at both manufacturing facilities

Al Shaheer Corporation Limited announced on Monday that it had successfully resumed production at both of its...

Published 08 Sep, 2025 04:18pm

Commodities

Pakistan gets offers in 100,000 metric tons white sugar tender, traders say

HAMBURG: The lowest price offered in the international tender from Pakistan to buy 100,000 metric tons of sugar on...

Published 08 Sep, 2025 03:46pm

Companies

Thatta Cement approves Rs5.5bn Sukuk to fund expansion plans

Thatta Cement Company Limited (THCCL) has approved the issuance of a Rs5.5 billion Sukuk to finance the expansion of...

Published 08 Sep, 2025 03:29pm

Companies

Public offer for 12.49% stake in Lotte Chemical falls short of target

PTA Global Holding Limited’s public offer to acquire a 12.49% stake in Lotte Chemical Pakistan Limited received...

Published 08 Sep, 2025 02:44pm

Stocks

European shares rise ahead of crucial French no-confidence vote

European shares edged higher on Monday in a buoyant start to an event-filled week that is likely to be dominated by...

Published 08 Sep, 2025 02:31pm

South Asia

India hopes ‘insights’ from Pakistan clash will help woo arms buyers

NEW DELHI: The skies lit up during the four-day clash between India and Pakistan in May as drones were blasted from...

Published 08 Sep, 2025 02:25pm

Financial

Gold hits another all-time high in Pakistan

Gold prices in Pakistan continued to hit an all time high in line with their gain in the international market. On...

Published 08 Sep, 2025 01:15pm

Stocks

Most major Gulf markets gain on US rate cut optimism

Major stock markets in the Gulf edged higher in early trade on Monday, helped by mounting expectations of a US...

Published 08 Sep, 2025 12:57pm

Stocks

China stocks steady as consumer staples offset tech drag

SHANGHAI: Chinese shares were little changed on Monday, as gains in consumer staples helped counter losses in...

Published 08 Sep, 2025 12:52pm

Commodities

China’s soybean imports hit record high for August; copper shipments climb y/y

China’s soybean imports rose to the highest ever for the month of August, while those of copper concentrate grew for...

Published 08 Sep, 2025 12:50pm

Forex

Yuan hits one-week high despite slower export momentum

HONG KONG: China’s yuan hit a one-week high against the dollar on Monday, even as data showed the country’s export...

Published 08 Sep, 2025 12:48pm

Markets

European automakers confront tariffs, Chinese rivalry at Munich car show

MUNICH: Major automakers will showcase their latest models at Munich’s car show on Monday as Europe’s automotive...

Published 08 Sep, 2025 12:12pm

Companies

TPL Insurance acquisition: VEON gets BoD nod

The Board of Directors (BoD) of TPL Corp Limited has granted its in-principle approval for VEON Group Holding...

Published 08 Sep, 2025 12:00pm

Forex

Dubai looks to capitalise on weak dirham to lure British home buyers

DUBAI/LONDON: Emirati real-estate developers are looking to lure British investors to the United Arab Emirates where...

Published 08 Sep, 2025 11:57am

Business & Finance

Chicken prices could rise as corn prices shoot up 64%

This is because corn makes up the majority of poultry feed

Published 08 Sep, 2025 11:57am

Markets

India’s chief economic adviser says Trump’s tariffs could shave 0.5% off GDP, Bloomberg News reports

US President Donald Trump’s 50% tariffs on India could reduce the country’s gross domestic product by half a percent...

Published 08 Sep, 2025 11:53am

Markets

India’s Hero MotoCorp names Harshavardhan Chitale as new CEO

Hero MotoCorp, India’s largest two-wheeler maker, has named Harshavardhan Chitale, who heads Dutch lighting maker...

Published 08 Sep, 2025 11:50am

Markets

India tax cuts to boost festive season car sales, dealers body says

India’s auto sales to consumers are expected to rise during the festive period due to the government’s consumption...

Published 08 Sep, 2025 11:48am

Markets

Floods 2025: Pakistan faces $1.4bn economic loss, agriculture hit hardest

The ongoing devastating monsoon floods of 2025 are set to inflict heavy losses on Pakistan’s delicate economy, with...

Updated 08 Sep, 2025 11:05pm

Stocks

India’s stock benchmarks to open higher on GST cuts, US rate cut hopes

Gift Nifty futures were trading at 24,905.5 points

Published 08 Sep, 2025 11:08am

Stocks

Fed rate cut optimism lifts sentiment, yen slips on political uncertainty

MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.4% higher

Published 08 Sep, 2025 11:05am

Commodities

Corn futures ease ahead of US crop report; Wheat slips, soybeans firm

Wheat weakened on ample supplies, while soybeans firmed

Published 08 Sep, 2025 10:56am

Forex

Australia, NZ dollars steady on yield support, yen retreat

That helped underpin the Aussie at $0.6558, having bounced 0.6% on Friday to as high as $0.6589

Published 08 Sep, 2025 10:53am

Forex

Yen sinks after Japan PM Ishiba resigns

The yen slumped in response in Asia trade on Monday, falling 0.6% against the dollar to 148.25

Published 08 Sep, 2025 10:45am

Stocks

Banks, energy stocks drag Australian shares lower; gold miners hit record high

The S&P/ASX 200 index fell 0.3% to 8,849.10

Published 08 Sep, 2025 10:41am

Markets

Gold hovers near record high on US rate-cut prospects

Spot gold was little changed at $3,583.41 per ounce

Published 08 Sep, 2025 10:39am

Mutual Funds

Philippines awards $440mn T-bill offer

Tenders total 156.4 billion pesos

Published 08 Sep, 2025 10:34am

Commodities

China’s August coal imports hit 8-month high, still below year-ago levels

BEIJING: China’s coal imports hit an eight-month high in August, customs data showed on Monday, supported by higher...

Published 08 Sep, 2025 10:32am

Energy

Oil gains after OPEC+ opts for modest output hike

HOUSTON: Oil prices rose on Monday, recovering some of last week’s losses, after producer group OPEC+ opted for a...

Updated 08 Sep, 2025 08:21pm

Stocks

Pakistani rupee secures 22nd successive gain against US dollar

Currency settles at 281.62 against greenback

Updated 08 Sep, 2025 09:02pm

Stocks

Historic high: KSE-100 settles above 156,000 level

Benchmark index gains over 1,800 points on Monday

Updated 08 Sep, 2025 06:34pm

Companies

Mercedes keeps ‘value over volume’ approach in tough Chinese market

MUNICH: German luxury automaker Mercedes-Benz is sticking with its premium strategy in its main market China, where ...

Published 08 Sep, 2025 06:57am

Commodities

Peshawar: prices of essential items increase sharply

A weekly-market...

Published 08 Sep, 2025 06:40am

Companies

EWA to employees: ABHI partners with Jaffer Brothers

KARACHI: In a progressive step toward employee financial empowerment, ABHI has partnered with Jaffer Brothers (Pvt)...

Published 08 Sep, 2025 06:39am

Business & Finance

Finance ministry, Railways, power sector benefiting from SAP platforms: Saquib Ahmad

ISLAMABAD: Saquib Ahmad, Country Managing Director, SAP Pakistan, Afghanistan, Iraq and Bahrain, and former OICCI...

Published 08 Sep, 2025 05:59am

Cotton & Textile

Weekly Cotton Review: Market volatility, crop damage hit sector hard

KARACHI: Pakistan’s cotton sector is grappling with a perfect storm of challenges as flooding devastates crops...

Updated 08 Sep, 2025 08:12am

Business & Finance

Historic MoUs signed at Pakistan-China B2B Investment Conference

LAHORE: Beijing marked a new chapter in Pakistan–China economic cooperation as several historic Memorandums of...

Published 08 Sep, 2025 05:59am

Companies

Tara Group inks MoUs with Chinese partners on agri research

LAHORE: Tara Group Pakistan has signed a series of memorandum of understandings with Chinese partners to expand...

Published 08 Sep, 2025 05:59am

Business & Finance

BMP advocates for single-digit interest rate to revive economy

LAHORE: As the Monetary Policy Committee of the State Bank of Pakistan to announce its decision on September 15,...

Published 08 Sep, 2025 05:59am

Energy

OPEC+ agrees further oil output boost

LONDON/MOSCOW/ BAGHDAD: OPEC+ has agreed to further raise oil production from October as its leader Saudi Arabia...

Published 08 Sep, 2025 05:59am

World

US to target more businesses after Hyundai raid

WASHINGTON: President Donald Trump’s administration plans to target more businesses for immigration enforcement...

Published 08 Sep, 2025 05:59am

Money & Banking

Canadian dollar falls against the greenback

TORONTO: The Canadian dollar edged lower against its US counterpart on Friday and posted steeper declines against ...

Published 08 Sep, 2025 05:59am

Money & Banking

Indian rupee hits record low on tariff jitters

MUMBAI: The Indian rupee hit a lifetime low on Friday, pressured by worries over US tariffs, leaving traders on edge...

Published 08 Sep, 2025 05:59am

Companies

Alibaba.com inks MoU with MoITT to accelerate digital trade

The goal is to strengthen Pakistan’s digital economy and expand global opportunities for SMEs and startups

Published 08 Sep, 2025 05:59am

Companies

BOP, AkzoNobel join hands to turn Lahore into a ‘canvas of culture’

LAHORE: In a unique collaboration, AkzoNobel Pakistan and the Bank of Punjab (BOP) have entered a Memorandum of...

Published 08 Sep, 2025 05:59am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 5	278.61
USD PKR Interbank Buying / Jun 5	278.41
USD to Japanese Yen / Jun 5	160.29
USD to Swiss Franc / Jun 5	0.80
Pound Sterling to USD / Jun 5	1.33
Euro to USD / Jun 5	1.15
SOFR % / Jun 7	3.63

Stock	Volume
S&P 500 / Jun 5	7,383.74
India Sensex / Jun 5	74,243.34
Tokyo Nikkei / Jun 5	66,588.12
Nasdaq / Jun 5	25,709.43
Hang Seng / Jun 5	24,961.95
FTSE 100 / Jun 5	10,368.05
Dow Jones / Jun 5	50,866.78
Germany DAX 30 / Jun 5	24,759.05
France CAC40 / Jun 5	8,218.24

Item	Value
Crude Oil USD/Barrel / Jun 5	90.54
Gold 10 Grams PKR / Jun 5	401,012
Gold Spot USD/Ounce / Jun 5	4,328.45
Cotton US¢/pound / Jun 5	77.48
Petrol/Litre / Jun 8	377.78
Diesel/Litre / Jun 8	380.78

Gainers
Losers
Leaders

Stock	Price
First Fid. Leasing / Jun 5 First Fidelity Leasing Modaraba(FFLM)	7.76 ▲ 1 (14.79%)
Dadabhoy Cement / Jun 5 Dadabhoy Cement Industries Limited(DBCI)	8.16 ▲ 1 (13.97%)
Gulistan Sp. / Jun 5 Gulistan Spinning Mills Limited(GUSM)	8.03 ▲ 0.97 (13.74%)
Paramount Spinning / Jun 5 Paramount Spinning Mills Limited(PASM)	8.41 ▲ 1 (13.5%)
Waves Home Appliances / Jun 5 Waves Home Appliances Limited(WAVESAPP)	8.98 ▲ 1 (12.53%)
First Capital Equities / Jun 5 First Capital Equities Limited(FCEL)	5.30 ▲ 0.52 (10.88%)
Merit Packaging / Jun 5 Merit Packaging Limited(MERIT)	10.35 ▲ 1 (10.7%)
D.S. Ind. Ltd. / Jun 5 D.S. Industries Limited(DSIL)	11.19 ▲ 1.02 (10.03%)
Askari Life Assur. / Jun 5 Askari Life Assurance Company Limited(ALAC)	23.28 ▲ 2.12 (10.02%)
Waves Corporation / Jun 5 Waves Corporation Limited(WAVES)	10.98 ▲ 1 (10.02%)

Stock	Price
F.Credit & Inv / Jun 5 First Credit and Investment Bank Limited(FCIBL)	40.49 ▼ -4.5 (-10%)
Shahzad Tex. / Jun 5 Shahzad Textile Mills Limited(SZTM)	66.80 ▼ -7.4 (-9.97%)
Ghazi Fabrics / Jun 5 Ghazi Fabrics International Limited(GFIL)	29.96 ▼ -2.48 (-7.64%)
Shams Textile / Jun 5 Shams Textile Mills Limited(STML)	38.17 ▼ -2.48 (-6.1%)
Bela Auto / Jun 5 Bela Automotives Limited(BELA)	55.85 ▼ -3.14 (-5.32%)
Tandlianwala Sugar / Jun 5 Tandlianwala Sugar Mills Limited(TSML)	385.55 ▼ -19.67 (-4.85%)
Sana Ind / Jun 5 Sana Industries Limited(SNAI)	39.70 ▼ -2.02 (-4.84%)
Dewan Textile / Jun 5 Dewan Textile Mills Limited(DWTM)	9.65 ▼ -0.48 (-4.74%)
JS Investments / Jun 5 JS Investments Limited(JSIL)	40.01 ▼ -1.99 (-4.74%)
Frontier Ceramics / Jun 5 Frontier Ceramics Limited(FRCL)	75.03 ▼ -3.61 (-4.59%)

Stock	Volume
TPL Properties / Jun 5 TPL Properties Limited(TPLP)	42,057,629 ▲ 0.57
TPL Corp Ltd / Jun 5 TPL Corp Limited(TPL)	41,999,765 ▲ 0.49
Pace (Pak) Ltd. / Jun 5 Pace (Pakistan) Limited(PACE)	41,811,517 ▲ 0.9
Beco Steel Ltd / Jun 5 Beco Steel Limited(BECO)	26,493,657 ▼ -0.2
Hascol Petrol / Jun 5 Hascol Petroleum Limited(HASCOL)	23,842,888 ▼ -0.01
Pervez Ahmed Consultancy / Jun 5 Pervez Ahmed Consultancy Services Ltd.(PASL)	22,157,441 ▲ 0.08
WorldCall Telecom / Jun 5 Worldcall Telecom Limited(WTL)	18,104,460 ▲ 0.02
Waves Home Appliances / Jun 5 Waves Home Appliances Limited(WAVESAPP)	17,319,572 ▲ 1
B.O.Punjab / Jun 5 The Bank of Punjab(BOP)	15,286,456 ▼ -0.46
Unity Foods Ltd / Jun 5 Unity Foods Limited(UNITY)	15,013,265 ▼ -0.11

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